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2017.03.2121:50:00UTC+00ECB: EU Trade Controls Would Curb Productivity Rate

The European Central Bank stressed trade controls in the European Union would curtail the surge in productivity rate.

According to its study, the central bank reiterated exporters tend to exhibit its best performance and major companies in their different sectors. It added stricter rules would result in lower output appropriation throughout firms, lowering competition and making them less effective.

The ECB document indicates resource misallocation in the region has escalated since the beginning of the millennium.

The monetary authority said lowering trade limits would maximize the utilization of all resources and ignite competition in local markets. It added this would enable companies to achieve the efficiency needed to partake in trade.

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